We use cookies to support features like login and allow trusted media partners to analyse aggregated site usage.
To dismiss this message and allow cookies to be used, please click "Continue".

Continue

Opinion

Twitter board

Follow us
  • RT @BNPPAM_COM: 2017 was one of the most active hurricane seasons on record, causing up to USD 475 billion worth of damage. What are the in…2 days ago
  • RT @PensionsTony: At the Aon London #pensions conference. About to start my workshop on how well #DC schemes are meeting the needs of #memb…2 days ago
  • Andrew Wauchope talks to Mark Dunne about charities and their pension schemes, the secret of being a good trustee a… https://t.co/xcdcxs61QL2 days ago
  • Enter the Dragon : China’s inclusion in the @MSCI_Inc Emerging Market index has caused little excitement, but, as L… https://t.co/oy0EdSI6A84 days ago
  • The @InvescoUKinsti whitepaper: Responsible investing and active ownership. Invesco’s Bonnie Saynay and Henning St… https://t.co/E3Gdh9eDSM9 days ago
  • Charlotte Moore looks at the reaction of financial markets to Brexit has already changed the shape of the relations… https://t.co/6KH9jnWTtq9 days ago
  • RT @AonRetirementUK: Want to know more about the benefits of factor-based investing for your DB pension scheme? Aon’s next Investment Break…10 days ago
  • Learn more about why everyone is talking ESG on our new ESG HUB, where we will be publishing our latest features pl… https://t.co/Dg9FiwCPCn11 days ago
  • 2018: The year of the human?. Cyber crime, greater disclosure, fixed income, people and, of course, climate change.… https://t.co/HMkzWcrFNy11 days ago
  • ''Building a global portfolio of equities could also provide much needed diversification'', discover why in our Glo… https://t.co/y90GhLlmCD11 days ago
  • What is your stance on executive pay? is bigger really better? Read more in our new ESG feature:… https://t.co/cUXMiCDuE536 days ago
  • November Magazines Cover Story : Interest rates - The slow return to normality . What impact will this have on port… https://t.co/7RYFEXJMVL39 days ago
  • ''Alternative assets have been one of the winners of the banking crisis, which marks its tenth anniversary next yea… https://t.co/pbLbxU9tza39 days ago
  • Pension scheme buy-outs could top £30bn this year - @JLT_EB https://t.co/JhiPizcTnc #pensions52 days ago
  • @PensionsInfra to spend £400m on interests in 10 PPP infrastructure projects https://t.co/O2Lfmy16B6 #infrastructure #pensions87 days ago
  • FirstGroup consolidates £700m of pension assets within the LGPS to create £1bn fund - https://t.co/tOmO0W84h588 days ago
  • £10bn wiped off #FTSE350 DB schemes in October - @JLT_EB https://t.co/iTO0fE005i #pensions113 days ago
  • Capita Asset Services upgrades its UK dividend forecast for 2017 to a record £94bn - https://t.co/9rBSfa16fz #dividends122 days ago
  • Smiths Group shifts £207m of liabilities to Canada Life https://t.co/bJvq65vuB2 #pensions123 days ago
  • A special feature from our sponsor SYZ Asset Management – ‘Contrarian investing in the Italian banking crisis’ https://t.co/6tOeW272XB144 days ago

Friday View: Management Macro uncertainty keep calm wait opportunity

The Job Interview – PPF head of investment strategy Ian Scott

The Job Interview – PPF head of investment strategy Ian Scott

Friday 9th December 2016

The Pension Protection Fund (PPF) has appointed Ian Scott as head of investment strategy. He was previously head of global equities at Barclays.

If you didn’t work in investment, what career would you have chosen?

I think I would have ended up in a commercial or consultancy role, probably involving the use of economics in some shape or form.

What was your favourite subject at school and why?

There were two actually – economics and history. I think they give tremendous insights into the world we live in today which are not necessarily obvious without the knowledge gained by study.

What was your first paid role?

I worked in the economics department at the Confederation of British Industry (CBI). This was a great place to start, in applying the things I learnt at university, but also providing exposure to very senior business leaders.

What led you to a career in investment?

I love the idea that you get to test your knowledge and analytical ability against the “market”. Of course this can sometimes be a humbling experience, but more often than not, good thorough analysis wins out.

What are your priorities for this new role?

My priority is to make sure the PPF continues its excellent track record of providing the best investment returns possible within a tightly controlled risk budget, on behalf of its members and levy payers. The PPF has a unique liability profile and that requires a unique and innovative approach to our asset management. If I can contribute to that I will have done a good job.

What is the biggest hurdle for institutional investors at present?

The impact of unconventional monetary policy. While there are good reasons why central banks employed unconventional techniques in the aftermath of the crisis, they have had a dramatic effect on financial markets. Judging the scale of this and when it might start to wane is the biggest issue.

What one change would you make to investment legislation/regulation?

The EU’s requirement for derivative contracts to be cleared centrally. This may help transparency and counterparty concentration risk, but schemes will have to hold more cash, which impacts returns and/or asset allocation.

0

Leave your comment

View our comments policy

Please login or register with us to leave a comment. It's completely free!